Avino Silver & Gold Mines (ASM) Lifted to “Hold” at Zacks Investment Research

Zacks Investment Research upgraded shares of Avino Silver & Gold Mines (NYSEAMERICAN:ASM) from a strong sell rating to a hold rating in a research note issued to investors on Wednesday morning, Zacks.com reports.

According to Zacks, “Avino Silver & Gold Mines Ltd. is engaged in exploration and development of mineral properties. The company primarily explores for silver along with gold, copper and lead. Its properties are mainly located in British Columbia, the Yukon Territory, Mexico and Canada. Avino Silver & Gold Mines Ltd. is headquartered in Vancouver, Canada. “

Several other equities research analysts have also recently commented on ASM. Noble Financial reissued a hold rating on shares of Avino Silver & Gold Mines in a research note on Tuesday, January 22nd. HC Wainwright reaffirmed a buy rating and set a $1.50 price objective on shares of Avino Silver & Gold Mines in a research note on Thursday, February 28th.

Shares of NYSEAMERICAN ASM remained flat at $$0.47 during midday trading on Wednesday. The stock had a trading volume of 900 shares, compared to its average volume of 242,068. Avino Silver & Gold Mines has a one year low of $0.42 and a one year high of $1.42.

Avino Silver & Gold Mines (NYSEAMERICAN:ASM) last released its earnings results on Wednesday, May 8th. The basic materials company reported ($0.01) EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.01). The firm had revenue of $6.71 million during the quarter, compared to analyst estimates of $8.51 million.

An institutional investor recently bought a new position in Avino Silver & Gold Mines stock. Renaissance Technologies LLC acquired a new position in shares of Avino Silver & Gold Mines Ltd (NYSEAMERICAN:ASM) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 333,064 shares of the basic materials company’s stock, valued at approximately $200,000. Renaissance Technologies LLC owned 0.53% of Avino Silver & Gold Mines as of its most recent SEC filing.

Avino Silver & Gold Mines Company Profile

Avino Silver & Gold Mines Ltd., together with its subsidiaries, engages in the acquisition, exploration, and advancement of mineral properties in Canada. It primarily explores for gold, silver, and copper deposits. The company owns interests in 42 mineral claims and 4 leased mineral claims comprising Avino mine area property comprising 4 concessions covering 154.4 hectares, 24 exploitation concessions covering 1,284.7 hectares, and 1 leased exploitation concession covering 98.83 hectares; Gomez Palacio property comprises 9 exploration concessions covering 2,549 hectares; Santiago Papasquiaro property comprising 4 exploration concessions covering 2,552.6 hectares and 1 exploitation concession covering 602.9 hectares; and Unification La Platosa properties comprising 3 leased concessions located in the state of Durango, Mexico.

Featured Article: Cost of Equity For A Business, Investors

Get a free copy of the Zacks research report on Avino Silver & Gold Mines (ASM)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Avino Silver & Gold Mines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Avino Silver & Gold Mines and related companies with MarketBeat.com's FREE daily email newsletter.